SBP reserves rose by $392.8m in a week

MG News | July 06, 2023 at 11:42 PM GMT+05:00

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July 06, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $392.8 million or 9.65% WoW to $4.46 billion during the week ended on June 30, 2023, according to the data released by the central bank on Thursday.

The increase in SBP reserves was due to receipt of official GoP inflows.

Similarly, the country's total reserves rose by $404.7m or 4.33% WoW to $9.75bn.

The reserves held by commercial banks rose by $11.9m or 0.23% WoW to $5.28bn.

**Summary of Holding and Weekly Change**
Foreign reserves held by	June 30, 2023	June 23, 2023	Change	% Change
State Bank of Pakistan	4462.7	4069.9	392.8	9.65%
Net Foreign Reserves Held by Banks	5282.8	5270.9	11.9	0.23%
Total Liquid Foreign Reserves	9745.5	9340.8	404.7	4.33%

Amount in USD Million

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